Pacer Advisors Inc. Has $11.56 Million Position in Yelp Inc. $YELP

Pacer Advisors Inc. boosted its position in Yelp Inc. (NYSE:YELP) by 16.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467,195 shares of the local business review company’s stock after purchasing an additional 66,833 shares during the quarter. Pacer Advisors Inc.’s holdings in Yelp were worth $11,558,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in Yelp by 100.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock worth $28,000 after buying an additional 446 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Yelp by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock worth $35,000 after buying an additional 482 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Yelp by 70.4% in the fourth quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 479 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Yelp by 181.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company’s stock valued at $39,000 after acquiring an additional 836 shares during the period. Finally, Strs Ohio acquired a new position in shares of Yelp in the first quarter valued at about $56,000. 90.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Evercore set a $30.00 price target on shares of Yelp in a research report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Morgan Stanley lowered their target price on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yelp in a research report on Monday, May 11th. Finally, Robert W. Baird set a $28.00 price target on Yelp in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $27.88.

Yelp Stock Down 0.5%

Shares of NYSE YELP opened at $26.68 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. Yelp Inc. has a 52 week low of $19.60 and a 52 week high of $34.64. The stock has a market capitalization of $1.47 billion, a P/E ratio of 12.18, a PEG ratio of 2.87 and a beta of 0.46. The stock’s fifty day moving average is $24.74 and its 200 day moving average is $24.90.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, May 7th. The local business review company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $361.46 million during the quarter, compared to analysts’ expectations of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. Yelp’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Sell-side analysts forecast that Yelp Inc. will post 1.85 earnings per share for the current fiscal year.

Insider Activity at Yelp

In other news, Director Christine Barone sold 15,507 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $22.95, for a total value of $355,885.65. Following the completion of the transaction, the director directly owned 15,928 shares in the company, valued at approximately $365,547.60. The trade was a 49.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,507 shares of company stock valued at $402,481. 8.30% of the stock is currently owned by insiders.

Yelp Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.